SSE boss: Zonal pricing would be a ‘huge mistake’ May 21, 2025 Introducing a zonal pricing scheme to the UK’s electricity market would be a “huge mistake,” the chief executive of SSE has said. Writing in City AM, the Scottish energy firm’s outgoing boss Alistair Phillips-Davies argued such a move would create a “postcode lottery” where some households would pay £200 to £300 more “simply because of [...]
‘It’s tragic that Britain hasn’t made Greg Jackson a national hero’ March 31, 2025 The billionaire founder of Octopus Energy, Greg Jackson, should be recognised more for his achievements in business and made a national hero, according to marketing veteran Rory Sutherland. The vice chairman of Ogilvy added it’s “tragic” that the UK doesn’t “make more heroes of our really innovative business successes” in the way the USA does. [...]
Xlinks’ sub-sea high-wire act March 20, 2025 The story of a Moroccan wind and solar farm the size of Greater London providing energy for a country thousands of miles away would ordinarily be the preserve of sci-fi books. But Xlinks founder Simon Morrish tells Ali Lyon that the only thing stopping it from becoming a reality is the UK’s snail-paced state. Simon Morrish is [...]
Octopus Energy: Profit slashed as Greg Jackson’s giant battles rising costs February 4, 2025 Profit has been slashed at Octopus Energy as rising costs and falling sales ate into its margin during the giant’s latest financial year. For the 12 months to 30 April, 2024, the group reported a net profit of £83m, down from the £203m it posted in the prior year. Its revenue also dipped from £12.54bn [...]
Rolls-Royce chair and Octopus founder named among industrial strategy panel December 17, 2024 Octopus founder Greg Jackson, Rolls-Royce chair Dame Anita Frew and former Tory business secretary Greg Clark are among the heavyweight names appointed to a new Industrial Strategy Advisory Council, launched by the government on Tuesday to help stimulate growth. The panel, which also includes private sector top dogs like Prudential chair Baroness Shriti Vadera and [...]